“Companies are bought, not sold.” That’s a great one indeed. The idea here is that the founders shouldn’t bother much about selling the business or doing the IPO. There are simply no particular activities tailored towards these goals exist in the course of the regular business years.
All we should worry about and concentrate on is building a healthy business. The exit opportunities will arise themselves eventually. The contrary is also true. There are no particular things one can do to sell the business that is not healthy and profitable. Such a business can also be sold of course, but the sale has its unique “liquidation” name then.
So we need to concentrate on the business itself, and success will follow. It reminded me of the quote from one of my favorite fiction writers Bulgakov.
“Everything will turn out right; the world is built on that.”